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Tata Young Citizens' Fund

Overview

As a responsible Parent, Guardian or wellwisher, you are always willing to take steps today so that your little ones get to see a better tomorrow. Be it basic education, the most coveted foreign degree, a dream marriage, a diligent and loving parent desires to provide enough financial security for each milestone in a child's life. But have you thought how you would be able to fulfill these desires, given the huge increases in costs of education or marriage that are likely to occur with every passing year? A little bit of careful planning, regular saving and consistent investing today is what is required so that you can take care of these future needs without worrying too much. If you are looking for an investment today which would help you realize your children's dreams tomorrow, then Tata Young Citizens' Fund (TYCF) is perhaps the right choice for you.

Tata Young Citizens' Fund is an open-ended balanced scheme exclusively for children aged between 3 months and 18 years. The scheme aims at helping parents, guardians and well wishers to save for growing children's needs.

Who should invest / Key Attributes

Balanced approach to savings for their children’s future needs by investing in a combination of Debt and Equity instruments.

Key Attributes:

Benefits of the stability in income from debt and capital appreciation opportunities from equity investments.

Personal accident policy for donee children upto Rs.1,50,000/- *

* Subject to Conditions

Fund Manager

Raghupathi Acharya

Raghupathi Acharya began his career in 1991 at Karnataka Bank where he worked till 2007 in various capacities in Merchant Banking, Foreign Exchange and Treasury Departments of the Bank. As an Officer in Merchant Banking Division of the Bank, he handled underwriting & issue management functions, as well as managed short term bridge loan portfolio of the bank. From 1995 to 2000 he worked as a Forex Dealer handling foreign exchange dealing functions of the Bank. He also worked in the Credit Department handling credit appraisals of large borrowers for a brief period. Thereafter he moved to the Treasury Department of the Bank as Chief Manager, handling Treasury & Investments operations of the Bank. Since May 2008 till date, he is working with Tata Asset Management Ltd as Fund Manager - Fixed Income. Raghupathi Acharya is a B.Com Graduate and a Chartered Accountant.

Rupesh Patel

At 38, Rupesh has more than 14 years of experience spread across listed equity investments, private equity real estate investments, credit risk assessment and evaluation of infrastructure projects. He has worked in Equity Research and as Head of TATA PMS investments during his association with Tata Asset Management Limited since May 2008. Prior to joining Tata Asset Management, he worked with Indiareit Fund Advisors Private Limited in their investments team and also held directorships to represent Indiareit Fund Advisors Private Limited on the boards of investee companies. He also worked as head of the corporate sector ratings group at Credit Analysis & Research Limited (CARE). Mr. Rupesh Patel is a graduate in engineering from Sardar Patel University, Gujarat and holds a masters in business administration from Sardar Patel University, Gujarat.

(e.g. ARN-000000-0)

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Scheme Information

Objective

The investment objective of the scheme is to
provide long term capital growth along with steady
capital appreciation to its unit holders, while at all
times emphasising the importance of capital
preservation.

Nature of scheme

An Open Ended Balanced Scheme.

Date of Allotment

14 Oct 1995

Options / Plan

Tata Young Citizens' Fund

Regular Plan (Routed through Distributor)

Compulsory Lock-in

Anytime Exit

Growth

Direct Plan (w.e.f. 1st Jan 2013)

Compulsory Lock-in

Anytime Exit

Growth

Entry Load

NIL

Exit Load

Compulsory Lock-in:

3.00% if redeemed on or before 3 years from the date of allotment. (This load will be applicable when the lock-in period expires before 3 years from the date of allotment)

Anytime Exit Option:

If child attains majority after 7 years from the date of allotment:

If redeemed on or before expiry of 3 years from the date of allotment:

3.00%

If redeemed after 3 years but on or before 7 years from the date of allotment:

2.00%

If redeemed after 7 years but before child attains majority:

1.00%

After the child attains majority:

NIL

If child attains majority before 7 years from the date of allotment:

If redeemed on or before expiry of 3 years from the date of allotment:

3.00%

Redeemed within 3 yrs

If redeemed after 3 years but on or before 7 years from the date of allotment:

2.00%

If redeemed after 7 years:

NIL

Min. Purchase Amount

500/- and multiple of 500/-

Min. Additional Purchase Amt.

500/- and multiple of 500/-

Min. Redemption Amt. / Units

500/- or 50 units

SIP

Frequency

No. of Installments

Min. Installment Amt.

Monthly

12

500/-

6

1,000/-

Quarterly

6

1,000/-

4

1,500/-

(#) SIP amount (per installment) should be in multiples of 500/-.

Systematic Withdrawal Plan

Available

Yes

Frequency

Monthly/Quarterly

Min. Withdrawal Amt.

500/-

STP

Available

*The minimum amount required for switch is 500/- and in multiple of 1/-.

SIP and SWP available only for anytime exit option or after the child attains majority under compulsory lock-in option

* Multiple applications (purchase including switch in) submitted by investor on
same day for the same scheme, shall be aggregated at investor level (i.e. First
holder / Sole Holder) for determination of Rs. 2 Lacs.

NAV of the day on which the funds are realized up to 3.00 p.m
(Subject to transaction being time-stamped upto 3 p.m. on the date of
realization of funds).

For application amount upto Rs. 2 Lacs

If application is time stamped before 3 p.m on any business day -
Applicable NAV shall be the closing NAV of the date of receipt of the
application.

If application is time stamped after 3 p.m on any business day -
Applicable NAV shall be the closing NAV of the next business day.

In case of switch transactions, funds will be made available for utilization in the switch-in scheme based on redemption payout cycle of the switch out scheme.